About the Company:
Mandeep Auto Industries Ltd is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components, that finds its application in a diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools etc
Company also manufactures customized components as per customer specific requirements and use, with high degree of precision both in quality and time with personalized services to our strong customer base in India.
Company is engaged in the business of manufacturing and supplying sheet metal components, auto parts and all types of sprocket gears.
Company is backed by skilled professionals with years of experience in Press and Machining Components and has ISO 9001:2015 and ISO 14001:2015 certifications.
Company is led by a highly experienced board of directors, and a professional and experienced management team with extensive experience in the automotive industry and a proven track record of performance.
Company’s Customers:
Company has several marquee domestic and global OEMs in the automobile sector such as M/s J.L Auto Parts Pvt. Ltd. (Faridabad, Haryana), M/s Tube Investments of India Ltd (Chennai, Tamil Nadu), M/s Rockman Industries Ltd (Saket, New Delhi), M/s Manvi Automobiles (Faridabad, Haryana) and M/s Jain Industrial Products Private Ltd (Hissar, Haryana).
Company’s Wide range of Products:
Company aims to play a vital role in providing a supply of precision sheet metal & machinery components, auto parts & all types of sprocket gears.
Company manufactures a wide range of machine components like Ring Sproket 42T, Activa Self Gear, CNG Cover Plate, Sparg Clutch RE, Sparg Clutch, Honda Gear Kick, Yahama Gear Kick B7J, Yamaha Gear Kick, Discover 14 teeth, and a variety of press components etc.
Company’s Manufacturing Facilities:
Company’s manufacturing facilities have advanced technologies to develop and manufacture the products that meet the stringent quality control requirements of our customer. With a good track record and wide product portfolio, company has been able to retain existing customers and have also been able to attract new customers.
Company’s Capacity and Capacity Utilization:
Management Team:
- Mr. Gurpal Singh Bedi (Designation: Chairman and Managing Director)
- Ms. Nidhi Bedi (Designation: Non Executive Non Independent Director)
Objectives of the Issue:
Fresh Issue: (Rs. 25.25 cr)
- Expansion of the existing Manufacturing Facility located at Plot No 26, Nangla, Faridabad Haryana -121001 by construction of the building on the land adjacent to our existing manufacturing unit, purchase of equipment/machineries, etc.
- Repayment/prepayment of certain borrowings availed by our Company.
- Funding working capital requirements.
- General Corporate Purpose.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Expansion of the existing Manufacturing Facility located at Plot No 26, Nangla, Faridabad Haryana -121001 by construction of the building on the land adjacent to our existing manufacturing unit, purchase of equipment/machineries, etc. | 9.08 cr |
| Repayment/prepayment of certain borrowings availed by our Company; | 6.84 cr |
| Funding working capital requirements | 6.08 cr |
| General Corporate Purpose | 2.34 cr |
| Net Proceeds | 24.35 cr |
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | 1st July-31st Aug 23 |
|---|---|---|---|---|
| Revenue | 15.63 | 21.89 | 29.78 | 5.10 |
| Net Profit | 0.49 | 0.64 | 1.04 | 0.55 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Kranti Industries Ltd | 10 | 1.95 | 49.95 | 8.49% | 23.02 |
| Porwal Auto Components Ltd | 10 | (0.68) | (76.13) | (1.75%) | 39.01 |
| Lumax Auto Technologies Ltd | 2 | 10.79 | 34.28 | 12.62% | 85.50 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 13th May 2024 |
| Issue Closes on | 15th May 2024 |
| Issue Price | Rs.67 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 Shares |
| Minimum Investment | Rs.1,34,000 |
| Issue Constitutes | 36.44% |
| Issue Size | Rs. 25.25 cr |
| Market Cap | Rs.69.26 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 37,68,000 (Rs.25.25 cr) |
| Equity Shares Prior to the Issue | 65,68,000 |
| Equity Shares after the Issue | 1,03,37,894 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 16th May 2024 |
| Initiation of Refunds | on or Before 17th May 2024 |
| Credit of Equity Shares: | on or Before 17th May 2024 |
| Listing Date: | on or Before 21st May 2024 |
| Company Contact Info: |
|---|
| Mandeep Auto Industries Limited Plot No 26 , Nangla Faridabad Haryana -121001; Tel: +91-129-2440045; Email: info@mandeepautoindustries.com Website: www.mandeepautoindustries.com |
| Registrar to the Issue: |
|---|
| Cameo Corporate Services Limited “Subramanian Building”, #1, Club House Road, Chennai – 600 002 Tel No.: +91-44-40020700, 28460390; E-mail: ipo@cameoindia.com Website: www.cameoindia.com |
| Lead Manager to the Issue: |
|---|
| Jawa Capital Services Private Limited Plot No. 93, First Floor, Pocket 2, Near DAV School, Jasola, New Delhi- 110025 Tel No.: +91-11-47366600; E-mail: mbd@jawacapital.in Website: www.jawacapital.in |
| Check IPO Allotment Status: |
|---|
Cameo: http://www.CameoIPO.com/IPO/Allotment |
| Find the List of Upcoming IPOs in India: |
|---|
Upcoming IPOs in India (Click on the below Link)https://www.marketsguruji.com/upcoming-ipos-in-india/ |
